Business

A pilot scheme scrapping peak ScotRail fares has been extended for an additional three months, Scotland’s first minister has announced. The trial was initially introduced in October 2023 and was extended to run until the end of June. It will now remain in place until the end of September. The price cut sees rush-hour commutes

Warren Buffett unveiled Chubb as his secret buy and Berkshire Hathaway’s equity portfolio had some other changes in the first quarter, according to a new regulatory filing. Firstly, the Omaha-based conglomerate tweaked his energy exposure last quarter, adding to its Occidental Petroleum holding slightly and trimming the Chevron stake. Berkshire has been steadily increasing its

Representatives of Thames Water’s multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the billions of pounds of funding required to bail it out. Sky News has learnt that a number of board members at companies connected to Kemble Water Finance, Thames’s parent, are expected to

OpenAI co-founder Ilya Sutskever said Tuesday that he’s leaving the Microsoft-backed startup. “I am excited for what comes next — a project that is very personally meaningful to me about which I will share details in due time,” Sutskever wrote in an X post on Tuesday. The departure comes months after OpenAI went through a

On Ian’s show he talks to Victoria Clarke, UK chief economist at Santander Corporate Investment Bank, about wage growth. Sky’s economics and data editor Ed Conway discusses the US increasing tariffs on Chinese electric vehicles. And there’s Odisseas Athanasiou, chief executive of Lamda Development, talking about Europe’s largest urban development project. :: Listen and subscribe

CNBC’s Jim Cramer on Monday provided his take on four major stocks in the gig economy sector: Uber, Lyft, DoorDash and Instacart parent Maplebear. “After hearing from all of these companies, what I see is a confusing situation: Uber, DoorDash and Instacart are all lower after earnings, while Lyft managed to gain a bit of

A Highland port set to become an “offshore wind hub” has secured a £100m credit boost from UK and Scottish government-backed banks. Haventus, owner of Ardersier Port in the Moray Firth, is currently redeveloping the 450-acre site between Inverness and Nairn. It is hoped the transformation of the former McDermott construction yard will support future

Children stand behind barbed-wire along a slope near a camp housing displaced Palestinians in Rafah in the southern Gaza Strip on April 30, 2024, amid the ongoing conflict in the Palestinian territory between Israel and the militant group Hamas.  – | Afp | Getty Images RAFAH, Gaza Strip (AP) — Israeli forces pushed deeper into

The Post Office’s ex-accounting chief says he had “other priorities” when asked at the inquiry why he did not highlight inaccuracies in his report after it was published. Rod Ismay authored the first report into faulty accounting system Horizon, in August 2010, which concluded the Fujitsu software was robust. Hundreds of sub-postmasters were wrongfully convicted

This photograph taken on September 25, 2022, shows an antenna of the Starlink satellite-based broadband system donated by the US tech billionaire Elon Musk in Izyum, Kharkiv region, amid the Russian invasion of Ukraine. Yasuyoshi Chiba | AFP | Getty Images Starlink, the satellite arm of Elon Musk’s SpaceX, warned on Saturday of a “degraded

Henry Birch, the former boss of Rank Group, is among the candidates vying to run Entain, the FTSE-100 owner of Ladbrokes. Sky News has learnt that Mr Birch is one of a small number of candidates being considered by Entain to replace Jette Nygaard-Andersen as its permanent chief executive. The recruitment process comes at a

Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec. 15, 2022. Ting Shen | Bloomberg | Getty Images The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would’ve

As the latest GDP figures show the UK economy has emerged from its shallow recession, Ian King hosts a special edition of his business show. To analyse what the numbers mean, he’s joined by Shevaun Haviland, director general of the British Chambers of Commerce, Vivek Paul from BlackRock Investment Institute and Interactive Investor’s Victoria Scholar.

A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Aly Song | Reuters Chinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top end of its

How soon is too soon? That’s the question exercising members of the Bank of England‘s monetary policy committee (MPC) at the moment. All nine members know that interest rates, currently at 5.25%, will have to be cut in the coming months. After all, high interest rates represent a brake on the economy and it’s becoming